Europe ‘Could Do Anything’ to Help Economy, ECB’s Panetta Says

European authorities could “do anything” to help boost the economy, Fabio Panetta, a member of the European Central Bank’s executive board, said at an online forum Saturday. “What we’ll do I don’t know, and if I did know I wouldn’t say,” Panetta said at the event organized by newspaper Il Foglio.

European Central Bank President Christine Lagarde said Thursday there’s “little doubt” policy makers will agree to provide more stimulus to the economy in December as coronavirus infections and lockdowns accelerate across Europe. The ECB’s next moves will at least partly be guided by the pandemic, Panetta said Saturday, adding that the next decisions could be made in the coming weeks. European fiscal and monetary policy has been well-coordinated during the crisis, he said.